By Congressman Charles W. Boustany, Jr. (LA-03) In today’s age of thirty-second sound bites and fiery rhetoric, the oil and gas industry continues to come under heavy attack. Critics cite “subsidies” and “loopholes” as means by which the industry avoids “paying its fair share.” However, that’s simply not reality. An industry that delivers over $86 […]
In Comeback: America’s New Economic Boom, author Charles Morris refers to “the new X-factor, the American energy advantage.” The “game changer”—shale oil and gas technology and production—has put the United States and Canada in the world’s leading economic saddle. Noted expert Daniel Yergin concurs. “Abundant low-cost energy is stimulating a revival of manufacturing in the […]
U.S. crude-oil production grew by more than one million barrels a day last year, the largest increase in the world and the largest in U.S. history. In the latest sign of the shale revolution remaking world energy markets, crude production in the U.S. jumped 14% last year to 8.9 million barrels a day, according to […]
The American oil and natural gas industry is one of the few sectors that is pushing the economy forward and investing here at home – including my backyard in New York’s Southern Tier – in an otherwise slow recovery environment. These producers have generated billions of dollars in state, local and federal revenues while creating […]
Doug Reynolds, the sole employee of Reynolds Resources, discusses how removing IDCs would inhibit the ability of small producers to find oil and gas.
The shale revolution has been, and continues to be, led by America’s independent producers. And now, even the OPEC cartel is being forced to pay attention. Since George Mitchell combined hydraulic fracturing and horizontal drilling in the Barnett Shale of Texas, the production from shale basins all across America has skyrocketed. As the Houston Chronicle […]
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